Wow the whole gangs back or what? I just happened to glance at this this am at like .63, then around noon I looked and was like wow! What did I miss? A quick glance showed nothing. Zip. Nada. No PR. Nothing in the pipeline.
This thing went bonkers - 150x volume, on zero news. Avg daily was like 500k at best, today 75 million shares traded? The float is only like 10 mil isn't it? 75 million trades and only went 2x? Worst pump ever! lol
Anyhow, There is ZERO news that could have created that volume. There is zero technical or fundamental reason to have a unprofitable company trade this way. The only way to get volume like that is a coordinated pump. Someone started trading big lots, and it triggered algo's and screeners all over the place, and people saw it and put their own algo's and trades to work. Think about it. If ANYONE held shares of this for more than very short in and outs, this would have skyrocketed. 10mil float, and many insiders holding, only 100K institutions... This thing got ping ponged back and forth 75 milion times, but it only went up 2x. Now, people are doing DD in retrospect, and they will find an unprofitable small installation company with zero IP and nothing going for it. In fact, as with most installers right now they are probably struggling. I see posts all over showing them installing Tesla powerwall. So what? Many companies do. This one doesn't make any money doing it.
Tomorrow will be less volume, but still high volume as the price drops, and people get stopped out and bail on the fact they realize this was a pump. EOD tomorrow I expect almost everyone holding this to be in the red. Sadly I don't see any impetus for any upwards movement. If you are crazy enough to hold this now, tight stops and watch it like a hawk.
Back in the day I was all about this company, hoping it would make us all rich. Unfortunately it never panned out for us common holders, or the warrants, which I lost 6 figures on when they expired worthless. Lessons learned. This company just doesn't have anything of value. If they could turn a profit they might be worth something but our experience over the years has shown repeated squandered opportunities, and insider profit taking while common got diluted and eventually destroyed. I don't want them to fail, but I don't see any path for profits here so I exited long ago never to return.
Today may turn out to be the biggest dead cat bounce in history, but alas, the cat is dead. there's nothing to see here. Not even anything to cling to with hopes and dreams. This is the most obvious pump and dump I've ever seen. I've racked my brain trying to conceive of some PR that could drive this upwards tomorrow, but there simply isn't any. A buyout (which wont happen) wouldn't produce that volume. No RS, or cap raise either. This is simply computers showing us they are running the swings now, even as the sheep pile in. There's simply nothing that would attract traders like today other than a pump resulting in out of control volume.
The only question left is how ugly will tomorrow be, and how fast will it get halted. There's probably very few still holding this from years ago, but if you are? This was the last chance to get out with anything.
That's all my take, my opinion, my reflection on years wasted and hundreds of thousands lost.
Good luck to all, whether you be long, short or swinging through the volume all day. Watch this one tomorrow like a hawk and don't get stuck in it.
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